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05 Feb 2008 |
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Key Facts
Local time - GMT +1
Language - English is one of 11 official languages
Local currency - Rand
The UK is one of South Africa's major trading and investment partners. South Africa is the UK's 22nd largest overseas market with exports (in goods only) totaling £2.2bn in 2006.
South Africa and the UK are natural trading partners, with English as the main business language and similar legal systems and business cultures. The EU-South Africa Co-operation Agreement has since 2000 made bilateral cooperation even easier, with existing tariffs being gradually phased out. Many products are already duty free. As well as being a major market in itself, South Africa is the gateway to southern Africa and its 185 million people.
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